Fifth Third Bancorp Has $1.81 Million Holdings in BorgWarner Inc. (NYSE:BWA)

Fifth Third Bancorp decreased its position in shares of BorgWarner Inc. (NYSE:BWA) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,974 shares of the auto parts company’s stock after selling 18,951 shares during the period. Fifth Third Bancorp’s holdings in BorgWarner were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board bought a new position in BorgWarner in the 2nd quarter valued at $1,248,000. Marshall Wace LLP bought a new position in shares of BorgWarner in the second quarter valued at about $295,000. AQR Capital Management LLC lifted its position in BorgWarner by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 449,959 shares of the auto parts company’s stock worth $14,444,000 after buying an additional 117,279 shares in the last quarter. Algert Global LLC bought a new stake in BorgWarner during the 2nd quarter worth about $3,107,000. Finally, Creative Planning increased its position in BorgWarner by 4.9% in the 2nd quarter. Creative Planning now owns 26,641 shares of the auto parts company’s stock valued at $859,000 after acquiring an additional 1,246 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BWA has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price objective on BorgWarner from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Guggenheim restated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Barclays lowered their price objective on BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.40.

BorgWarner Trading Down 1.0 %

BWA opened at $32.58 on Wednesday. The firm’s fifty day moving average is $32.87 and its two-hundred day moving average is $33.39. The firm has a market cap of $7.13 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. BorgWarner Inc. has a twelve month low of $29.51 and a twelve month high of $38.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that BorgWarner Inc. will post 4.23 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.11 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. BorgWarner’s dividend payout ratio is presently 11.17%.

Insider Buying and Selling

In related news, EVP Paul Arthur Farrell sold 20,266 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.47, for a total value of $698,569.02. Following the completion of the transaction, the executive vice president now directly owns 32,366 shares of the company’s stock, valued at approximately $1,115,656.02. This represents a 38.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 222,010 shares of company stock valued at $7,678,076. 0.45% of the stock is owned by corporate insiders.

BorgWarner Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.